Spanish slot manufacturer R Franco Group announced its acquisition of controlling interest in Mediatech Solutions, a digital gaming platform supplier based in Madrid. The acquisition transforms R Franco, a supplier to the land-based casino industry, into what the company calls an “omnichannel giant.”
R Franco, which will integrate Mediatech’s IRIS platform and its 1,500 games, will now take a majority stake in the combined entity, with Mediatech’s management remaining in place at their headquarters in Madrid.
The move comes 18 months after the establishment of R Franco’s digital division. “The acquisition of Mediatech Solutions provides us with a market-leading online platform and the opportunity to further expand the group’s digital footprint,” said R. Franco Group CEO Pedro Melendo. “The Spanish market will be transforming due to regulatory changes in the next few years, and Franco’s ambition is to remain market leaders.”
Mediatech Solutions CEO and founder Jessica Ordovas remarked, “R Franco Group is one of the most respected suppliers in the world, and we are excited about the opportunity to work with them. Our omnichannel expertise is unparalleled, and this agreement will allow us to continue our track record of success in Spain and beyond. This new joint team has already displayed its ability to innovate in the online space, and it is now extremely well-positioned for omnichannel expansion in Spain, Europe, Latin America and Asia.”
Mediatech will gain additional investment enabling it to scale its international operations, which will now encompass offices in Belgrade and Kuala Lumpur. It will also present an opportunity to expand Mediatech’s “Candy” line of connected land-based gaming products.
